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These days, finding an affordable place to live in the Elkhorn area can be challenging. Home prices in Elkhorn are now at a median cost of $122,864, lower than the Tennessee average of $315,131.
The average cost of rent is $811/mo in Elkhorn, primarily driven by the current value of real estate in the Elkhorn area. In Elkhorn, 39.86% of households rent, and 45.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Elkhorn is $3,833 per month. Households that rent pay about 21.17% of their income on rent here. Elkhorn’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Routon, TN: less expensive homes
- Paris, TN: higher priced homes
- Osage, TN: higher priced homes
- Van Dyke, TN: higher priced homes
- Whitlock, TN: higher priced homes
- Henry, TN: less expensive homes
- India, TN: higher priced homes
- Jones Mill, TN: higher priced homes
- Mansfield, TN: less expensive homes
- Tumbling, TN: equally priced homes
Cities with Similar Populations
- Woodside, OH: higher priced homes
- Daisy, OK: higher priced homes
- Clifton Mills, WV: higher priced homes
- Cisna Run, PA: higher priced homes
- Chest Springs, PA: higher priced homes
- Chartley, MA: higher priced homes
- Casville, NC: higher priced homes
- Carrabelle Beach, FL: higher priced homes
- Carmona, TX: higher priced homes
- Winchester, WI: higher priced homes
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